Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technolog, led a delegation to Greece as part of an official working visit, comprising government officials and private sector representatives.
During the visit, Dr. Al Jaber held several bilateral meetings with Kyriakos Mitsotakis, Prime Minister of Greece; George Gerapetritis, Minister of Foreign Affairs; and Kostas Skrekas, Minister of Development.
The visit underscored the flourishing strategic ties between the two friendly countries, marked by significant progress across vital sectors. The recent progress reflects the commitment of both countries' leadership to deepen cooperation, paving the way for further strategic collaborations.
In a meeting with the Greek Prime Minister, Dr. Al Jaber conveyed the UAE leadership's greetings and keenness to further bolster strategic relations, particularly in mutually beneficial sectors. He emphasised fostering sustainable investments and economic cooperation.
In turn, the Greek Prime Minister lauded the UAE's successful hosting of COP28, praising the groundbreaking outcome, the "UAE Consensus" that delivered an unprecedented and historic agreement with all participating nations, setting ambitious goals to support climate action efforts to achieve a logical, practical, and just transition in the energy sector. The Greek side also commended the achievements of COP28 under the Action Agenda, including the launch of 11 pledges and declarations and mobilising over US$85 billion to finance global climate action.
The two sides also witnessed the signing of an MoU between Mubadala Investment Company and the Hellenic Development Bank of Investments to expand their existing partnership with a €200 million investment. This complements the €400 million partnership established in 2018, contributing to enhanced cooperation in emerging and private investments in Greek funds focusing on high-growth sectors.
An agreement was also inked to implement projects under the "GR-Eco Islands" initiative between Masdar and the Greek Ministry of Environment and Energy, aiming to accelerate the transition of these islands into green economic models powered by clean energy and digital innovation.
As part of "GR-Eco Islands" Initiative, Masdar will develop infrastructure projects in some islands, transfer its expertise and best practices in energy efficiency, and support Greece's efforts to achieve the initiative's objectives, including increasing the use of renewable energy in transportation, agriculture, tourism, and infrastructure sectors, creating an eco-friendly model, and sustainable management of water and waste.
This preliminary cooperation agreement was signed between the two sides during COP28, consolidating Masdar's commitment to sponsor green infrastructure projects.
The UAE delegation included Mohammed Abdulrahman Al Hawi, Under-Secretary of the Ministry of Investment; Hamad Al Hammadi, Deputy Chief Executive Officer at ADQ; Mohamed Jameel Al Ramahi, CEO of Masdar; Khaled Al Shamlan Al Marri, Chief Executive Officer of Real Estate and Infrastructure Investments at Mubadala; and Meera Al Suwaidi, Head of Sovereign Partnerships at Mubadala Investment Company.
